Fed's Waller Says Fed Will Be Able To Cut The Policy Rate This Year As Long As Inflation Doesn't Rebound Or Stay High; This View Is Consistent With Fed Policymaker Projections For Three 25-BPS Rate Cuts In 2024
Portfolio Pulse from Benzinga Newsdesk
Fed's Waller expressed that the Federal Reserve could cut policy rates in 2023 if inflation does not rebound or remain high. This aligns with projections by Fed policymakers anticipating three 25-basis point rate cuts in 2024.
January 16, 2024 | 4:06 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could see a positive impact as Fed's Waller suggests potential rate cuts if inflation remains controlled, which may boost investor confidence.
The SPDR S&P 500 ETF (SPY) often reacts to Federal Reserve policy changes. Waller's comments about possible rate cuts could be seen as a positive development for the economy and markets, potentially leading to increased investor confidence and a rise in stock prices, which would benefit SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80